Moving in different directions – Stock Markets

We are into the middle of November. Stocks markets were diverging. For the two weeks into November, the American and European (except UK) main stock indices were putting in good performances. France, Germany, US key indices rose between 2.7% to 3.7%.

Stock Indices 31-Oct-19 15-Nov-19 Change
CAC 40 (France) 5,729.86 5,939.27 3.7%
Dow Jones (USA) 27,046.23 28,004.89 3.5%
Nasdaq (USA) 8,292.36 8,540.83 3.0%
Germany DAX 12,866.79 13,241.75 2.9%
S&P 500 (USA) 3,037.56 3,120.46 2.7%
Australia All Ordinaries 6,772.90 6,898.90 1.9%
Nikkei 225 (Japan) 22,927.04 23,303.32 1.6%
UK FTSE 100 7,248.38 7,302.94 0.8%
Mumbai BSESN 40,129.05 40,356.69 0.6%
STI (Singapore) 3,229.88 3,238.86 0.3%
Hang Seng (HK) 26,667.71 26,326.66 -1.3%
Shanghai Composite 2,939.32 2,891.34 -1.6%

At the bottom of the list above, Shanghai Composite Index lost 1.6% and Hong Kong’s Hang Seng Index lost 1.3%. The Straits Times Index (STI) was flat with an increase of 0.3%.

With lower interest rates globally, investors are putting money into equities for dividend yields and capital gains. The US is the beneficiary of capital flows since its economy is not expected to slow down significantly this year. The picture is different for China and Hong Kong.

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The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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